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Trump’s Draft Infrastructure Plan Asks Cities, States to Pony Up

  • White House plans to release principles around State of Union
  • Draft allocates funding to spur state and local spending
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How the Fate of Nafta Will Affect Infrastructure

Half of the federal money in President Donald Trump’s promised $1 trillion infrastructure plan would go for a new incentive program to encourage states and localities to secure their own funding for projects, according a draft copy of principles obtained by Bloomberg News.

A quarter of the federal funding would provide grants for rural transportation, broadband and other projects, while 10 percent would go for “transformational” projects that can’t secure financing because they’re so unique. Other dollars would be allocated for federal lending programs and a new capital financing fund for property purchases, according to the draft plan that is still subject to change.